A California-based cannabis nursery has turned to blockchain and smart contracts to verify the authenticity of its medicinal plants.
The cannabis nursery, known as the Mendocino Clone Company, was named in a partnership announcement from the EMTRI project and the technology company Global Compliance Applications on January 13.
It will use the project’s blockchain capabilities to certify all clones, or baby plants, with batch certificates.
A cannabis nursery is a company specializing in plant genetics, producing clones and baby plants and seeds for wholesale distribution purposes.
The move allows nurseries to “document the early stages of a cannabis plant’s journey into a premium product for consumers based on the gram weight of the flower,” he said.
A batch certificate is a self-generated smart contract for each batch of clones. Provide each baby plant with its own “unique identity block”, created by the nursery and linked to the Ethereum-based blockchain.
Its clients, including commercial farms and retail dispensaries, can use this to verify the authenticity of clones and genetic lineages, it added.
The first round of batch certificate clones will be available from the first week of February.
In addition, licensed cultivators who purchase Mendocino clones will gain access to EMTRI token rewards (EMT) and better rates for participating in the blockchain project.
EMT is launched in November 2022 to reward project participants. Tokens can be traded on Uniswap for USDC or staked for further returns. EMT is not listed on centralized exchanges or crypto market data platforms such as CoinGecko.
Co-founder of EMTRI Corp, Scott Zarnes, commented:
“We are excited to be at the forefront of the cannabis industry to be the first in the United States to use this advanced technology in this way,”
related: Cannabis-focused crypto startup launches NFT community
However, combining crypto with cannabis is not a new concept.
In November, a cannabis-themed Metaverse project called Cannaland launched to create a virtual world for cannabis enthusiasts. In January 2022, a custom pipe maker launched a token bong with celebrities like Snoop Dogg and Santana pushing NFTs.
Projects such as PotCoin (POT) and CannabisCoin (CANN) aimed to provide a dedicated digital currency for the industry in 2014, but never gained traction.